By
Reuters
Reuters
Published
Jan 4, 2018
Jan 4, 2018
Walgreens quarterly profit falls 22 percent
By
Reuters
Reuters
Published
Jan 4, 2018
Jan 4, 2018
Drugstore chain Walgreens Boots Alliance Inc on Thursday reported a 22.1 percent fall in quarterly profit, partly hurt by an impairment charge related to its investment in Chinese wholesale partner Guangzhou Pharmaceuticals.
Net income attributable to Walgreens fell to $821 million, or 81 cents per share, in the first quarter ended Nov. 30, from $1.05 billion, or 97 cents per share, a year earlier.
Net sales rose 7.9 pct to $30.74 billion.
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